For those who want the adrenalin rush from trading, it's available,
and will be as long as there are financial markets. But the
pit hypertraders are not necessarily the ones making the most
money. Some do very well, some are mediocre, some lose a
lot.
None of them are Warren Buffett, either. And he doesn't engage
in trading in that manner. Slow, sure and steady wins the
race.
I'll take logic versus emotion and "athleticism" or who can
yell the loudest any day.
Less effort.
More money.
However, I do agree with this statement of Mick's. Over-analysis
equals paralysis.
Quote:
Mick wrote:
I also think being too academic can lead to over-analysis and hesitation.
|
Finally, the first rule for succeeding as an investor from
Warren Buffett's six rules:
Quote:
You must be animated by controlled greed, and fascinated by
the investment process. You must not, however, let greed
take possession of you so that you become in a hurry.
If you are too interested in money, you will kill yourself; if not
interested enough, you won't go to the office. And you must
enjoy the game.
|